CtrlS, India’s only Datacenter with the capability to provide 99.995% uptime SLA, the highest in the datacenter industry, today announced that it has successfully raised Rs. 2.5 billion from a consortium of Indian Banks. P Sridhar Reddy, CMD CtrlS said,” We have been experiencing exponential growth over the last 1 year and hence building additional capacities to sustain this growth. Our new datacenters will be one of the finest in the world”.

Hyderabad, Andhra Pradesh, January 27, 2010 / IndiaPRLine / — CtrlS, India’s only Datacenter with the capability to provide 99.995% uptime SLA, the highest in the datacenter industry, today announced that it has successfully raised Rs. 2.5 billion from a consortium of Indian Banks.

P Sridhar Reddy, CMD CtrlS said,” We have been experiencing exponential growth over the last 1 year and hence building additional capacities to sustain this growth. Our new datacenters will be one of the finest in the world”.

“We are delighted to have achieved financial closure for Rs. 2.5 Billion in a challenging financial market. These funds will be used by CtrlS for building new state of the art Tier IV datacenters in Mumbai, Delhi and other major cities”, said Mr. Prabhakar Reddy, CFO, CtrlS.

CtrlS received funding from Allahabad Bank, Indian Overseas Bank, Oriental Bank of Commerce, Andhra Bank, Bank of Baroda, Corporation Bank, Dena Bank, Tamilnad Mercantile Bank and State Bank of Hyderabad. In addition to this the promoters had already raised Rs. 250 Crore of equity capital previously.

In the recently held consortium meeting for joint documentation, the bankers said, “CtrlS has a very strong value proposition coupled with a sound business model. This gave us the confidence to fund their national expansion. We are confident that they would be building world class datacenters for their customers. ”

Editor Notes

About CtrlS

A telecommunications giant in the USA. The world’s largest IT service provider. A manufacturing conglomerate from the middle-east. India’s biggest bank. A young hosting company with big plans. CtrlS provides them all with a safe, reliable datacenter platform.

Total protection, the highest uptime in the industry and significant savings are just some of the ways we impact their bottom line. Our corporate philosophy of Complete Ownership, fault-proof infrastructure and Six Zone SecurityTM make up the CtrlS promise.

With over 20,000 racks planned across India, CtrlS is India’s first Tier IV Datacenter and the preferred choice of corporate houses both large and small.

We at CtrlS have invested a lot of time and effort in creating a fault tolerant datacenter which can guarantee an uptime of 99.995%, the highest in datacenter industry.

For more information, visit us at www.ctrls.in